MUJ Stock Summary and Trading Ideas (Blackrock Munihlds Nj Quality | NYSE:MUJ)

BlackRock MuniHoldings New Jersey Quality Fund, Inc.’s (MUJ) (the “Fund”) investment objective is to provide shareholders with current income exempt from federal income tax and New Jersey personal income taxes. The Fund seeks to achieve its investment objective by investing primarily in long-term, investment grade municipal obligations exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax) and New Jersey personal income taxes. Under normal market conditions, the Fund invests at least 80% of its assets in municipal obligations with remaining maturities of one year or more at the time of investment. The Fund may invest directly in such securities or synthetically through the use of derivatives.

Blackrock Munihlds Nj Quality trades on the NYSE stock market under the symbol MUJ.

As of May 6, 2024, MUJ stock price climbed to $11.32 with 63,815 million shares trading.

MUJ has a beta of 0.50, meaning it tends to be less sensitive to market movements. MUJ has a correlation of 0.33 to the broad based SPY ETF.

MUJ has a market cap of $602.06 million. This is considered a Small Cap stock.

In the last 3 years, MUJ stock traded as high as $16.28 and as low as $9.74.

MUJ has underperformed the market in the last year with a price return of +6.0% while the SPY ETF gained +28.3%. MUJ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -0.3% and +1.5%, respectively, while the SPY returned +4.8% and +4.3%, respectively.

MUJ support price is $11.21 and resistance is $11.31 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MUJ stock will trade within this expected range on the day.